Security Firm Unciphered Post a Video Showing a Hack of Trezor T Wallet

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Unciphered, a cybersecurity firm specializing in cryptocurrency recovery, posted a video in which it claims to be able to extract the seed phrase from Satoshi Labs’ Trezor T hardware wallet. The hack, however, requires both the physical possession of the wallet and specialized equipment.

Unciphered Showcases New Vulnerability of Trezor T Hardware Wallet

This Wednesday, a cybersecurity firm called Unciphered posted a video in which it claims to showcase a successful hack of Satoshi Labs’ Trezor T wallet. In the video, the company dismantles the hardware before successfully extracting the mnemonic seed phrase.

Unciphered also claims that there is no way to fix the vulnerability used for the hack other than a recall of all Trezor T wallets. The hack, however, requires the physical possession of the hardware wallet, as well as a set of specialized tools. 

The demonstration sparked some speculation that Unciphered merely rediscovered a vulnerability that has been known for years, but the company denied it stating that said issue was patched in 2019. According to the firm, the vulnerability, as well as the method to exploit it have been developed “in-house”.

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